Whole last week investors were interested only in EU summit. Counting on clear plans for Greece crisis, Monday was a day of aggressive buying. When in Thursday it turned out that half of debt of his country will be erased, and EFSF fund will be subsidized by 1 billion euro, the floors exploded with euphoria. Around the globe the indexes jumped.
This reaction is a paradox itself. In normal conditions a news that some bank would bring loses, - like those which own Greece bonds – would cause a deep fall on markets. Now it causes an euphoria. Developing countries are back in the game. The index of developing countries rose this week at level 9%. It is the best result for nearly may 2009 and one of the best in whole 20-year history of the index.
However biggest stock markets were in the spotlight. The capital flew to Brazilian, Chinese, Indian and Russian (BRIC) markets. Between these the WSE was present. WIG20 got 4.5%, but analysts cool down the buzz. It can be only a temporary , technical jump, and in next week we can expect wide sales.
Weaker markets were Hungarian and Turkish markets. The first, could be weaken by criticism of Bank of America and Merrill Lynch for governmental projects for debt reduction. Hungary plans to create a national bank that would help in paying off of monetary credits. The later country is touched by strong earthquake.
During the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
czytaj więcejThe Polish cosmetics industry is increasing its presence on the Italian market, highlighting the growing export potential of Polish beauty products. A significant share of Polish cosmetics exports goes to European Union markets, reflecting strong integration with the European cosmetics sector.
czytaj więcejTen Polish food producers participated in a business mission to Denmark organized by the Polish Investment and Trade Agency (PAIH). During the event, the companies held as many as 150 business meetings in a single day, creating concrete opportunities for export contracts with Danish partners.
czytaj więcejRepresentatives of Polish and Swedish business and institutions met during a Polish–Swedish Business Dinner to discuss the future of bilateral economic cooperation and identify new areas for joint development. The meeting brought together dozens of key companies from both countries, highlighting the growing importance of this partnership.
czytaj więcejRepresentatives of Poland and Jordan met at the headquarters of the Polska Agencja Inwestycji i Handlu (PAIH) in Warsaw to discuss opportunities for strengthening bilateral economic cooperation.
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